Very good, Mr. Chair.
I want an answer to the carbon market question. The carbon market is more of a medium- to long-term tool. In the short term, it takes capital away from industries that should be investing in the technology for longer-range improvements in cleaner technologies. I think that's one of the perverse effects of a carbon market, in the short term.
I want that confirmed, particularly for industries like the machine tool, die, and mould sector or the auto parts industry, which are capital poor. That will give a competitive advantage to lower-cost jurisdictions, say China, to have those jobs that are already outside the Kyoto Protocol.
I'd like some thoughts on what a carbon market means for capital-poor industries, in the short term.